TCG Advisory Services LLC Sells 126 Shares of International Business Machines Co. (NYSE:IBM)

TCG Advisory Services LLC decreased its position in International Business Machines Co. (NYSE:IBM) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,833 shares of the technology company’s stock after selling 126 shares during the quarter. TCG Advisory Services LLC’s holdings in International Business Machines were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in International Business Machines by 15,439.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares during the period. Morgan Stanley lifted its stake in shares of International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after buying an additional 1,919,490 shares during the period. California Public Employees Retirement System grew its position in International Business Machines by 15.9% during the third quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock worth $890,322,000 after buying an additional 871,247 shares in the last quarter. Northern Trust Corp increased its stake in International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after acquiring an additional 404,948 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in International Business Machines by 162.4% in the 3rd quarter. Acadian Asset Management LLC now owns 621,682 shares of the technology company’s stock valued at $87,204,000 after acquiring an additional 384,744 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $1.02 during midday trading on Friday, reaching $165.71. The company’s stock had a trading volume of 3,400,405 shares, compared to its average volume of 4,768,629. The business’s fifty day simple moving average is $185.75 and its 200-day simple moving average is $171.44. The company has a market capitalization of $152.22 billion, a P/E ratio of 18.77, a P/E/G ratio of 4.08 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the company earned $1.36 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts expect that International Business Machines Co. will post 9.92 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $1.67 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s dividend payout ratio is currently 75.20%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent research reports. Morgan Stanley cut their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. JPMorgan Chase & Co. reduced their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. BMO Capital Markets lowered their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada raised their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, UBS Group upped their price objective on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $181.29.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.